Where to look for a new home

Whether you are relocating or just looking for a new home in your current town. Here are some general rules when searching for that right community.

I have broken down the new construction housing market into 5 main areas:

City Center
Immediate Suburbs
Outer Suburbs
Exurbia
Rural Living

As a general rule of thumb for new construction: Your city centers and immediate suburbs are going to be the highest priced areas. The farther out you go from a city center, prices definitely drop. Consider looking for new home construction a little further out you’re your normally would. Often times for an additional commute time of 15 to 20 mins longer, you can save any where in the range of $100,000!

For example, the builder I work for T.H. Propertes once had an ad in Lansdale, PA for a Pennsburg, PA community that read, “Driving 20 mins could save you $100,000 or more.” Rural exurbia is sometime closer thank you think and could save you lots of money. Additionally, these homes have the greatest potential for higher resales. Most of these areas are “up and coming areas” and will increase in value as more people move to the area. Lastly, you will have less traffic congestion, a more scenic surrounding, and a bigger home for less money! Areas to consider in the Philadelphia market are northern Montgomery, Northern Bucks County, Eastern Camden County, and Western / North Western Chester County.

Once you find that area you want to live in, visit every sales center possible even if you think it is out of your price range. Home Builders are offering ridiculous incentives right now and the home of your dreams might less expensive than you think!